MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
The P18.9-billion deficit — from revenues of P472.3 billion and expenditures of P491.2 billion — markedly declined from June’s P241.6-billion deficit and July 2024’s P28.8-billion shortfall.
Budget shortfall narrows in July, This news data comes from:http://jom-csi-ra-sb.ycyzqzxyh.com
Year to date, the budget balance remained in deficit at P784.4 billion, higher than the P642.8 billion seen in the same period last year.
July revenues were up 3.26 percent from last year's P457.4billion. Taxes accounted for almost all of the month’s revenues at P423.0 billion.
To date, revenues and expenditures were 4.82 percent and 8.22 percent higher than P2.61 trillion and P3.25 trillion, respectively, recorded from January to July last year.
- Maryland resident is diagnosed with New World screwworm. What to know about the parasite
- President asks governor to expose irregularities in govt projects
- Searchers retrieve bodies as Afghan quake toll seen to rise
- China 'unstoppable', says Xi with Kim, Putin at his side
- Quezon City hails directive for national projects to get local permits
- Israeli protesters call for hostage deal ahead of cabinet meeting
- Supreme Court: It’s work as usual in judiciary
- Globe: Mobile data helps drive national progress
- Duterte party's acting chairman charged at Sandiganbayan over Malampaya project
- Pope Leo: We must listen first before speaking
